1 ## **BETHANY** ## **(CHARITABLE INCORPORATED ORGANISATION)** ## **CHARITY NUMBER 1175302** ## **TRUSTEES REPORT AND FINANCIAL** ## **STATEMENTS** ## **FOR THE YEAR ENDED 31 JANUARY 2021** ## **CONTENTS** Reference and administrative details of the charity, its trustees. Trustees' report Bethany 1175302 – Annual R-2020-21 2 ## **BETHANY** ## **(CHARITABLE INCORPORATED ORGANISATION)** ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES FOR THE YEAR ENDED 31 JANUARY 2021 ## **Trustees** S Moronkeji H M Adams E A Moronkeji ## **Charity registered number** 1175302 ## **Registered office** Almick Lodge Tattershall Road Billinghay Lincs. LN4 4BW Bethany 1175302 – Annual R-2020-21 3 ## **BETHANY** ## **(CHARITABLE INCORPORATED ORGANISATION)** The Trustees present their annual report together with the financial statements for the year 1 February 2020 to 31 January 2021. The Trustees confirm that the Annual Report and financial statements of the charity comply with the current statutory requirements, and the requirements of the Charity’s Constitution. ## **CONSTITUTION** Bethany is registered as a Charitable Incorporated Organisation whose only voting members are its Trustees. Governing document is ‘Foundation Model Constitution’, registered charity number 1175302. Charitable status was registered on 23/10/2017. ## **Trustees:** The management of the CIO is the responsibility of the Trustees. Trustees are appointed as stated in sections 10 -12 of the CIO constitution. ## **Objects of Bethany:** To advance the Christian Faith in accordance with the Statement of Beliefs and to relieve sickness and financial hardship and to promote and preserve good health. To advance education in parts of UK or the world as the trustees from time to time may think fit. ## **Finance:** The charity’s revenue streams from Tithes, offerings, and gifts from friends of the ministry and Church Fellowship. The charity has been able to meet the costs of hall hire, community activities, children and youth consumables and general expenses needed to sustain regular activities. A reserve fund for six months of activities is observed. ## **Risk management:** The Trustees have assessed the major risks to which the CIO, in particular those related to the operations and finances of the charity and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks. ## **STATUTORY OBLIGATIONS** **Insurance:** The charity took out a Liability Insurance covering all Church / Ministry activities within and outside the Stanhope Hall. (Including Trustee indemnity, employer and public liability). The admin office and office equipment are insured. **Safeguarding:** The trustees agree to adopt a formal ‘Policy on Safeguarding Children and Vulnerable Adults.’ Policy will be reviewed annually or as required. Bethany 1175302 – Annual R-2020-21 ## **BETHANY** ## **(CHARITABLE INCORPORATED ORGANISATION)** **Trustee Supporters:** Two persons are asked to act as TS. They are to observe, encourage, discuss and contribute to Trustee meetings. This is to strengthen the charity in fulfilling its statutory and charitable objectives. ## **ADVANCING THE CHRISTIAN FAITH** ## **Church Fellowship:** We continue to strengthen our foundation in Christ. It has been a time of building trust, faith, teaching, praying and discipleship. (Building labourers). Bethany continues to be blessed with steady and stable growth. We are continuing to experience times of developing a God loving, faith building relational family. It has been a year of restoration, salvation, renewal, joy and encouragement. We continue to experience life in the Kingdom and aspire to be a multi-generational fellowship drawing people from our communities into the Kingdom. ## **Mid-Week Fellowship:** Weekly Outreach / worship in Boston Town – Suspended during the year due to the Pandemic. ## **Children and Youth: Online Activities only** Children and Youths work their faith through foundational spiritual truths, faith building teaching, chat groups, stories and fun. They are encouraged to develop a living relationship with Jesus in a relevant and entertaining way. A core of enthusiastic helpers continues in their relentless work helping our children and youths develop their full potential in God. We use drama, music, quiz, drawings and games to increase the growth, overall enjoyment and encourage prayer, Bible reading and learning Bible memory verses to aid their spiritual growth. **‘Arrows’** -Our children group – from pre-school age to year 6 / age 10. Every six week, we run an action-packed ‘All age service’ where the ‘Arrows’ use drama, songs and games to share the goodness of the Gospel to the families in attendance. **‘Royals’** -Our Youth group – from year 7 / age 11 upwards. This is where we step up the spiritual growth and wellbeing of our youth in preparation for life of adulthood. The Royals are encouraged to be involved in all aspect of Church activities, relationship and outreach. At ‘Bethany’, we regard the protection and safeguarding of children and vulnerable adults as a priority. In the interests of the safety and wellbeing of all, we operate a formal safeguarding policy. Bethany 1175302 – Annual R-2020-21 5 ## **BETHANY** ## **(CHARITABLE INCORPORATED ORGANISATION)** ## **Christ Intercessory Academy (CiA) – Education & Training** ## **Bible School:** The first year ‘Bravo Session’ of the Bible School took off this year. Three candidates registered and completed the year-long twelve Modules. Graduated with a ‘Certificate in Theology’ awards. Graduation & awards ceremony took place on the 4[th] April 2021. ## **International Mission** ## **Sponsored Mission in Pakistan** Grant Scheme developed and given to support the employment of teachers in missions to teach and encourage Brick Maker’s Children. ## **Inter-church work** : We are part of the Horncastle Churches Together, actively involved in praying together on local and national concerns. We continue to engage in a way that encourage / enable everyone fulfil their charitable objectives in our communities. Bethany Church is a full member of **Churches in Communities** International (CiC) and the Evangelical Alliance. CiC is an Apostolic network, offering support to churches and ministries. Enabling churches to flourish in their local context, replicate and confidently work in partnership with other sectors, whilst remaining autonomous. It provides accreditation, recognition and encouragement for independent churches. ## **COMMUNITY ACTIVITIES** ## **Grant Making Policy:** As a charity, poverty relief is one of our objectives for public benefit. We have a grant making policy. Funds were raised through the Church attendees and friends of the charity. We will seek to increase funding and grant making activities in the coming year. Bethany 1175302 – Annual R-2020-21 6 ## **BETHANY** ## **(CHARITABLE INCORPORATED ORGANISATION)** ## **Creative English:** This started last year and concluded in this financial year **.** In conjunction with ‘Faith in Action’ – 40 non-English Speaking European citizens were taught English language using the Creative English Module’ – Teaching English through dramatization, interactions and fun. This venture was hugely successful and thanks to all Volunteers, and Teachers who devoted their time and resources to see lives changes in the Boston Town. Many attendees went on to secure better employment because of their ability to engage in conversational English enabled by this community action. ## **GOING CONCERN** After making appropriate enquiries, the trustees have a reasonable expectation that the charity is on the right track to continue in operational existence for the foreseeable future. And should be fulfilling more of its objectives in the next year. ## **Reserves Policy** The trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets held by the charity should be increased from 3 to 6 months of the resources expended. At this level, the trustees feel that they would be able to continue the current activities of the charity in the event of a significant drop in funding. It would obviously be necessary to consider how the funding would be replaced. The Trustees will continue to review the threshold for the Charity’s Reserve Fund and financial activities. ## **FUTURE DEVELOPMENTS** The Trustees will continue to work hard to realise the vision of the charity, in particular engaging with our local communities, families, children, and young person. This has not been possible in the reporting year due to Lockdown and Social Distancing restrictions. Priority given to ensure those attending weekly activities enjoy a safe, secure, and sure environment. Attention will be given to securing a permanent/long- term address for ministry and community activities in Horncastle Town. This report and account were approved by the Trustees, on 6[th] June 2021 and signed on their behalf by: ## **……………………………………………** ## **Rev. Eyitayo Moronkeji** ## **Chair of Trustees** Bethany 1175302 – Annual R-2020-21 **1175302** **Bethany** ## **Receipts and payments accounts** **CC16a** **For the period** Period start date Period end date **To from** 01/02/2020 31/01/2021 ## **Section A Receipts and payments** |**A1 Receipts**|**Unrestricted**
**funds**
**to the nearest**
**£**
**2,103**
**-**
**7,906**
**37,966**
**6**
**-**
**-**
**-**

**47,982**
**650**
**-**
**650**
**48,632**
**17,946**
**3,817**
**465**
**2,015**
**-**
**-**
**-**
**-**
**24,243**
**5,000**
**-**
**5,000**
**29,243**
**19,388**
**-**
**16,413**
**35,801**|**Restricted**
**funds**
**to the nearest £**
**-**
**9**
**-**
**-**
**-**
**-**
**-**
**-**
**9**
**-**
**-**
**-**
**9**
**-**
**-**
**50**
**-**
**-**
**-**
**-**
**-**
**50**
**-**
**-**
**-**
**50**
**- 41**
**-**
**344**
**303**|**Endowment**
**funds**
**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Total funds**
**to the nearest £**
**2,103**
**9**
**7,906**
**37,966**
**6**
**-**
**-**
**-**
**47,991**
**650**
**-**
**650**|**Total funds**
**to the nearest £**
**2,103**
**9**
**7,906**
**37,966**
**6**
**-**
**-**
**-**
**47,991**
**650**
**-**
**650**|**Last year**
**to the nearest £**| |---|---|---|---|---|---|---| |Grants / fees - Education|**2,103**|||||**2,970**| |Fundraising - Grant Scheme|**-**|||||**235**| |Gift Aid - Receipts|**7,906**|||||**6,549**| |Donations - Tithes & offerings|**37,966**|||||**32,670**| |Others - Interest from bank|**6**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| |**_Sub total_**_(Gross income for_
_AR)_|
**47,982**|||||**42,424**| |||||||| |**A2 Asset and investment sales,**
**(see table).**||||||| |**RL repayment**|**650**|||||**550**| ||**-**|||||**-**| |**_Sub total_**|**650**|||||**550**| |**_Total receipts_ **
**A3 Payments**||||||| |||||**48,641**||**42,974**| |||||**17,946**
**3,817**
**465**
**50**
**2,015**
**-**
**-**
**-**
**-**
**24,293**
**5,000**
**-**
**5,000**||| |Charitable Activities|**17,946**|||||**25,957**| |Separate item of Expense|**3,817**|||||**5,500**| |Grant Scheme 1|**465**|||||**455**| |Grant Scheme 2||||||**50**| |Missions|**2,015**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| |**_Sub total_ **|**24,243**|||||**31,962**| |||||||| |**A4 Asset and investment**
**purchases, (see table)**||||||| |
Invest GP|**5,000**|||||**-**| |Issued RL|**-**|||||**2,132**| |**_Sub total_ **|**5,000**|||||**2,132**| |**_Total payments_ **
**_Net of receipts/(payments)_**
**A5 Transfers between funds**
**A6 Cash funds last year end**
**_Cash funds this year end_**||||||| |||||**29,293**||**34,094**| |||||**19,347**||| ||**19,388**|**- 41**|**-**|**19,347**||**8,880**| ||**-**|**-**|**-**|**-**||**-**| ||**16,413**|**344**|**-**|**16,757**||**-**| ||**35,801**|**303**|**-**|**36,104**||**8,880**| ## **Section B Statement of assets and liabilities at the end of the period** |**Categories**
Signed by one or two trustees on
behalf of all the trustees
**B5 Liabilities**
**B4 Assets retained for the**
**charity’s own use**
**B3 Investment assets**
**B2 Other monetary assets**
**B1 Cash funds**|Signature
sm
**Details**
**Details**
Computer; IT & PA Systems
Office Equipments
**Details**
Green Pastures
**Details**
Debtors
Cash at Bank
**_Total cash funds_**
(agree balances with receipts and payments
account(s))
**Details**|**Unrestricted**
**funds**
**to nearest £**
**36,051**
**-**
**-**|**Unrestricted**
**funds**
**to nearest £**
**36,051**
**-**
**-**| |---|---|---|---| |||**36,051**|**303**| |||**-**|**-**| |||**-**|**-**| |||**36,051**|**303**| ||sm|S.Moronkeji|| mae E.Moronkeji 1110612021 ## **Independent examiner's report on the accounts** **Section A Independent Examiner’s Report** **Report to the trustees/** BETHANY **members of On accounts for the year** 31 JANUARY 2021 **Charity no** 1175302 **ended (if any) Set out on pages** 1 I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/01/2021 - **Responsibilities and** As the charity trustees of the Trust, you are responsible for the preparation **basis of report** of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. **Independent** I have completed my examination. I can confirm that no material matters **examiner's statement** have come to my attention. There is no material concern in connection with the examination which gives me cause to believe that in, any material respect: - accounting records were not kept in accordance with section 130 of the Act or - the accounts do not accord with the accounting records **Signed: Date:** 18/08/2021 **Name:** Ofure Obomighie **Relevant professional** Chartered Institute of Management Accountants **qualification(s) or body (if any): Address:** 79 Mareham Road Horncastle LN9 6BN **October 2018** 1 **IER**